Autodesk, Inc. (NASDAQ:ADSK) is Candelo Capital Management LP's 4th Largest Position

Candelo Capital Management LP trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,501 shares of the software company's stock after selling 2,999 shares during the quarter. Autodesk makes up approximately 3.7% of Candelo Capital Management LP's investment portfolio, making the stock its 4th biggest holding. Candelo Capital Management LP's holdings in Autodesk were worth $7,242,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. China Universal Asset Management Co. Ltd. raised its position in shares of Autodesk by 196.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock worth $2,394,000 after acquiring an additional 5,365 shares in the last quarter. Brookstone Capital Management raised its holdings in Autodesk by 1,058.9% in the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock worth $8,659,000 after purchasing an additional 26,768 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Autodesk in the fourth quarter worth about $13,906,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Autodesk by 25.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company's stock valued at $88,711,000 after buying an additional 60,963 shares in the last quarter. Finally, GAM Holding AG purchased a new position in shares of Autodesk in the 4th quarter worth approximately $3,453,000. Institutional investors own 90.24% of the company's stock.

Insider Activity

In other Autodesk news, CAO Stephen W. Hope sold 2,452 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the sale, the chief accounting officer now directly owns 3,003 shares of the company's stock, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction dated Friday, March 21st. The shares were acquired at an average cost of $267.10 per share, with a total value of $534,200.00. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of analyst reports. Robert W. Baird decreased their target price on shares of Autodesk from $345.00 to $336.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. Scotiabank decreased their price objective on Autodesk from $360.00 to $315.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. UBS Group boosted their target price on Autodesk from $350.00 to $370.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Citigroup decreased their price target on Autodesk from $361.00 to $339.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Finally, DA Davidson dropped their price target on Autodesk from $285.00 to $265.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and an average target price of $321.36.

Autodesk Stock Performance

ADSK stock traded up $0.60 during midday trading on Monday, hitting $270.53. 445,061 shares of the stock traded hands, compared to its average volume of 1,633,026. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock's fifty day simple moving average is $264.44 and its 200-day simple moving average is $286.72. The firm has a market cap of $57.62 billion, a P/E ratio of 53.61, a PEG ratio of 2.94 and a beta of 1.49.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.